The ongoing pandemic crisis had been an integral contributor for the growth of OTT platforms, particularly Netflix. Over the past one year, the human folk restricted to the four walls of their homes had nothing but Netflix in common to set their lives rolling. And now the latest reports suggest that Netflix got crowned itself as the ‘streaming giant of all OTT platforms’ by hitting 8.51 million subscribers towards the fag end of 2020.
Netflix, based in the Silicon Valley town of Los Gatos, California, has garnered more than more than 60% of its customers from outside the U.S. and Canada, and 83% of its new additions in 2020 came from abroad. Europe supplied 41% of its new customers (almost 15 million people), while Asia added 9.3 customers, the second most.
Ending the epic year 2020 with a historic bang, Netflix has proved itself to the most popularly accessed, watched and subscribed streaming platform on a global basis. As far as the statistical data of Netflix’s earnings are concerned, the company passed the 200 million-subscriber mark for the first time and said its cash flow will allow it to stop relying on debt to fuel its growth. With $8.2 billion in cash — and a credit line that hasn’t been drawn down — Netflix said it no longer needs external financing. It’s also considering stock buybacks, something it hasn’t done in about a decade.
Netflix reported Q4 revenue of $6.64 billion (up 21.5%) and earnings of $1.19 per share. Wall Street analysts on average had expected Netflix to post Q4 revenue of $6.63 billion and earnings per share of $1.39, according to Refinitiv.
Netflix said it has more than 500 titles currently in post production or “preparing to launch.” That includes its massive 2021 film slate of 71 titles — with plans to debut at least one new movie every week of the year.
On a cash basis, Netflix spent $11.8 billion on streaming content in 2020, versus $13.9 billion the year prior. However, that’s only one picture of the company’s total programming budget: Netflix also has content payments due over several years, and those content obligations totaled $19.5 billion at the end of 2019 per its annual 10-K filing.
Meanwhile, Netflix delivered the higher-than-expected Q4 subscriber number also as the company raised prices on its most popular plans in the U.S during the quarter, with the Standard two-stream HD plan going up a dollar from $12.99 per month to $13.99.
After all, what made Netflix the world’s largest streaming service? The top 4 shows which was phenomenal in the unexpected boom of Netflix are the following:
1. The Crown
Based on an award-winning play (“The Audience”) by showrunner Peter Morgan, this lavish, Netflix-original drama chronicles the life of Queen Elizabeth II from the 1940s to modern times. The series begins with an inside look at the early reign of the queen, who ascended the throne at age 25 after the death of her father, King George VI. As the decades pass, personal intrigues, romances, and political rivalries are revealed that played a big role in events that shaped the later years of the 20th century.
“The Crown” Season 4 was phenomenal in contributing to more than 100 million subscribers since its initial launch.
2. The Queen’s Gambit
Warding off the gender stereotypes in the field of sports, particularly in chess, “The Queen’s Gambit” is ranked as the second top most show in the list of Netflix. Starring Anya Taylor Joy, and set during the Cold War era, the series revolves around the life of an orphaned chess prodigy Beth Harmon who struggles with addiction in a quest to become the greatest chess player in the world.
According to the reports from Netflix, about 62 million households watched “The Queen’s Gambit” in its first four weeks, making its most-watched original limited series to date.
Towards the rear end of 2020, on December 25th Christmas day, Netflix released a brand new romantic drama “Bridgerton” which was prodigious in augment the viewership and escalating the subscribers worldwide. Created by Chris Van Dusen and produced by Shonda Rhimes “Bridgerton” is based on Julia Quinn’s novels set in the competitive world of Regency era London’s Ton during the season, when debutantes are presented at court. The subscribers are eagerly waiting for “Bridgerton season 2”.
4. The Midnight Sky
Narrating the story of a lone scientist in the Arctic races to contact a crew of astronauts returning home to a mysterious global catastrophe, “The Midnight Sky ” starring and directed by George Clooney, was the biggest original film of the quarter.
As per the reports of Netflix, the movie “The Midnight Sky” came up with 72 million member households watching it in the first four weeks.
5. The Lupin
Of late, a newer show, released this month, underscores Netflix’s global reach. “Lupin,” a French crime series starring Omar Sy, has become the second-biggest debut in the company’s history. It’s on track to be watched by 70 million households in its first 28 days on the service.
The series is in fact a retelling of the classic French story about Arsène Lupin, the world-famous gentleman thief and master of disguise. With a stimulating content of story telling and mystery package, the series “Lupin” was a substantial creation in the history of Netflix.
With all these shows, for January through March, Netflix projected it would sign up 6 million more subscribers, behind analyst expectations of roughly 8 million.
Revenue rose to $6.64 billion during the quarter compared with $5.47 billion a year ago, edging past estimates of $6.63 billion.
Net income fell to $542.2 million, or $1.19 per share, from $587 million, or $1.30 per share, a year earlier.